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Posted: Thu Nov 13, 2008 12:57 pm Subject: Ch 7 reasons that credit card debt wouldn't be discharged |
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PLEASE, share your thoughts and personal experiences. I had my, "free consultation" today and am still scared to death about filing. The lawyer just made it sound too easy to get out of this debt.
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Posted: Thu Nov 13, 2008 9:20 pm Subject: |
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I was worried too, but we got our discharge last week, and everything went through without a hitch. It's best if you haven't used your credit cards for at least 90 days.
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alias1958
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Posted: Thu Nov 13, 2008 11:00 pm Subject: |
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Here is the relevant information for you in Question & Answer format: -
Source: - "http://www.consumerrightsgroup.com"
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phoenix
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Posted: Fri Nov 14, 2008 8:22 am Subject: |
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There is really nothing to be scared about. Bankruptcy for most is more of a relief....it takes a heavy burden off your shoulders. Comparing it to creditors calling and abusive collectors, it is relatively painless.
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SOAPLADY
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Posted: Thu Nov 27, 2008 10:43 pm Subject: Please advice on Ch 7 & Credit Card - with Divorce |
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Can someone please give some advice?
My combined income with husband before divorce was 100k ( mine 30 and his 70) Now we are going thru divorce. My own personal credit card debts are 140k - these are strictly unsecured. no other secured debt. these are mine - individual debts.
His own - individual debts are also 110k. after divorce my income reduces to 30k - which is below state poverty limit - I will pass means test I am sure -
can the credit companies challenge my discharge - saying I lied on application - there is NO paper I signed which said my income was 100k - it was all verbal - saying my combined household income was 100k - when I got credit cards.
BTW - my debts are due to the fact - my Late mom was ill before she died - I did all expenses - plus my dad - started living with us - my cousin brother was also supported by me -
please advise
Varsat
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goldy42us

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Posted: Fri Nov 28, 2008 10:24 am Subject: |
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Hello Varsat -
If you obtained those credit cards while you were still married, then you didn't lie on the applications - because at that time, your household income was 100K, as you said.
There would be no reason for the credit card companies to challenge your filing or discharge - the credit card companies are not usually the ones that challenge a bankruptcy.
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SUEBEEHONEY70
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Posted: Thu Dec 04, 2008 6:43 pm Subject: |
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Who would challenge the bankruptcy if not the credit card company?
What happens if you were a little 'optimistic' with your stated income on your cc application? Working on commission can be feast or famine.
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